Big media companies are making another attempt to pass the Journalism Competition and Preservation Act (JCPA), a bill that would protect them from online competition, propping up legacy media in the face of widespread public distrust and a failing business model.
According to an exclusive story published by News Corp’s Wall Street Journal (News Corp has been a major backer of this legislation, and similar efforts around the world), the new version of the JCPA would give an even bigger advantage to legacy media companies, giving them an antitrust exemption for ten years instead of the four years of the original bill.
Publishers would be given the legal authority to form a cartel, usually illegal under antitrust law, to collectively bargain with Silicon Valley tech giants for financial handouts and special treatment, such as prioritization in search results, news feeds, and other core features.